Knives Out For $600m in Cuts to Colorado Budget

Denver (AP) State lawmakers are preparing to finalize millions of dollars in cuts to balance this year’s budget.

The Joint Budget Committee met Tuesday to go over the details of some of the $360 million in cuts they’ve already endorsed. They’re set to meet again Wednesday to decide how to close the remaining $250 million shortfall.

One option is taking $150 million from the state’s Reserve Fund and spending it on state services instead.

Colorado could also get more than $100 million in Medicaid funding from the federal stimulus package. Committee members must decide whether to rely on that money to balance the budget.

Next week, their recommendations will go to the full house and senate for debate.

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